Chinese Uber rival Didi Chuxing, who has come under heavy pressure from China's regulators, has announced steps to withdraw from the New York Stock Exchange.
The company announced on Friday that the board of directors had authorized the company to initiate the necessary proceedings.
Votes should be taken at a shareholders' meeting later.
At the same time, a listing on the Hong Kong stock exchange will be sought.
Just a few days after its IPO in the summer, the transport service broker was targeted by Chinese regulators, who reportedly wanted to prevent Didi from going public abroad.
The Beijing cyberspace regulator ordered the deletion of the Didi app from Chinese app stores just days after the listing in New York.
In an investigation, "serious violations" were found in the collection and use of personal data by Didi, it said.
The shares of Uber rival, which also operates in 16 other countries including Australia, Brazil, Mexico and Russia, have halved since it went public in early July.
Beijing regulators have targeted a number of Chinese Internet companies this year and announced stricter rules for them.
Observers spoke of a real "crackdown".